Trump Creates Panel to Investigate Fed Governor Lisa Cook Amid Removal Efforts

Trump creates panel to investigate Fed governor Lisa Cook as he pushes for her removal. New hearing set for November 5.

October 9, 2026 One Min Read

POLICY WIRE — Washington, D.C. — President Donald Trump has issued a directive creating a committee to examine allegations against Federal Reserve Governor Lisa D. Cook, marking another step in his effort to remove her from the central bank.

The presidential memorandum, published on the White House website, states that the committee will investigate claims that Cook provided false information regarding mortgage instruments and determine if there is grounds for her removal. The order mandates that Cook appear before the panel and present written evidence and witness statements.

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This move follows an August letter from a senior White House official indicating that Trump was considering removing Cook from the Federal Reserve board. The committee is scheduled to hold its first hearing on November 5, just two days after the midterm elections. No president has ever removed a top Fed official, and the Supreme Court recently allowed Cook to stay in her position pending further review.

Reporting by Policy-Wire (PW)

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